Ophthalmic Ultrasound Devices Market Size, Share, And Growth Report 2032

Ophthalmic Ultrasound Devices Market Size

The global ophthalmic ultrasound devices market size was worth around USD 4.35 billion in 2023 and is predicted to grow to around USD 8.85 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.2% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the ophthalmic ultrasound devices market on a global and regional level.

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Ophthalmic Ultrasound Devices Market: Overview

Ophthalmic ultrasound devices are specialized diagnostic tools used in eye care to create detailed images of the eye’s internal structures. These devices utilize high-frequency sound waves to generate cross-sectional images, aiding in the diagnosis and management of various ocular conditions such as cataracts, glaucoma, retinal detachment, and tumors. Key types of ophthalmic ultrasound devices include A-scan, which measures the eye's length and is essential for calculating intraocular lens power before cataract surgery, and B-scan, which provides a two-dimensional, cross-sectional view of the eye, useful for evaluating the posterior segment, especially when direct visualization is impeded by opacities.

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Ophthalmic Ultrasound Devices Market: Growth Drivers

Worldwide demand for advanced eye care is growing at a rapid pace. Global demand for ophthalmic ultrasound devices is expected to be driven by an increasing number of cases of cataracts and ocular diseases among the geriatric population. Additionally, the wide adoption of technologically advanced, innovative, and new ophthalmic ultrasound products by ophthalmologists is expected to be a major factor attributing to the growth of the ophthalmic ultrasound devices market.

However, high prices of technologically advanced new ophthalmic ultrasound devices and stringent regulatory requirements may act as restraints to ophthalmic ultrasound devices' market growth. Emerging countries are expected to bring new growth avenues for ophthalmic ultrasound device manufacturers.

Ophthalmic Ultrasound Devices Market: Segmentation

Based on product, the market is segmented into Combined Scan, B-Scan, A-Scan, Ultrasound Bio Microscope (UBM), and Pachymeter. Among the product segment, A-scan also called the time amplitude scan ultrasound biometry segment held the largest market share in 2023. It is a routine diagnostic test that provides eye length data which is a major factor in determining common sight disorders. Combination scans offer more than 95% accuracy in the diagnosis of eye disorders and thus combined scan is expected to register the highest CAGR over the forecast period.

Based on type, the market is segmented into on-platform and portable. The on-platform segment held the largest market share in 2023 whereas the portable type devices segment is expected to register the highest CAGR over the forecast period. Increasing demand for portable devices is mainly due to their portability, availability of innovative and new devices in the market, and increasing preference.

Hospitals end-user segment dominated the market in terms of revenue in 2023 owing to the large patient pool and increasing adoption of technologically advanced new products to provide best-in-class services to patients.

Ophthalmic Ultrasound Devices Market: Report Scope

Ophthalmic Ultrasound Devices Market: Regional Analysis

At the regional level, North America dominated the global ophthalmic ultrasound devices market and accounted for about 42% market share in 2023.

The North American region is projected to lead the market over the forecast period with progress mostly focused in the U.S. market. An increasing number of the geriatric population vulnerable to eye-related problems and a surge in the diabetic patient population are major factors that attribute to the largest revenue share.

Europe was the second largest ophthalmic ultrasound devices market in 2023 globally. Growing demand for technological advancement and innovative and new ophthalmic devices are major factors driving the demand for ophthalmic ultrasound devices in Europe.

Asia Pacific is estimated to be growing at the highest CAGR over the forecast period. This high growth is attributable to the increasing aging population in emerging economies such as China and India along with an increasing incidence rate of diabetes due to a sedentary lifestyle, increasing eye-related disorders, etc.

Key Market Players & Competitive Landscape:

Some of the key players in the ophthalmic ultrasound devices market include:

• Carl Zeiss Meditec AG
• Ametek Inc.
• DGH Technology
• NIDEK Co. Ltd.
• Halma plc
• Ellex Medical Lasers Ltd.
• Optos plc (Nikon Corporation)
• Quantel Medical (Lumibird)
• Appasamy Associates
• Escalon Medical Corp.
• Micro Medical Devices Inc.

The Global Ophthalmic Ultrasound Devices Market is segmented as follows:

Global Ophthalmic Ultrasound Imaging Systems Market: Product Type Segment Analysis

• A-Scan
• B-Scan
• Combined Scanning Device
• Pachymeters
• Ultrasound Biomicroscope

Global Ophthalmic Ultrasound Imaging Systems Market: Modality Segment Analysis

• Standalone
• Portable

Global Ophthalmic Ultrasound Imaging Systems Market: End-User Segment Analysis

• Hospitals
• Ophthalmology Clinics
• Ambulatory Surgical Centre
• Eye Research Institutes

Global Ophthalmic Ultrasound Imaging Systems Market: Regional Segment Analysis 

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa